that if there is no tax liability, which is often the case, the State of NC picks up the tab for 25% of the production company's expenses for those items that company used to make a profit on their film. Profits that go elsewhere.
You may or may not be right on the bottom line of ultimate gain to NC, however, that can only really be determined by shining a little sunshine onto this whole process and really crunching the numbers. So far, that really hasn't been done.
Curiously enough, I don't really see the film industry crying out to do that. With all of their creative accounting, one would have thought they would have by now. What I do see is a massive amount of publicity relations energy being expended instead.
Why is that?
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